For many Kenyans, the 40 bob coin represents something extraordinary, a tangible piece of history they could carry in their pockets and spend at the market. This unique commemorative coin became one of the most beloved pieces of currency in the country’s history.
On 12th December 2003, Kenya marked 40 years since gaining independence from British colonial rule in 1963.
To commemorate this milestone, the Central Bank of Kenya did something extraordinary; they issued a special 40-shilling coin that would become one of the most beloved pieces of currency in the country’s history.
The coin features the late President Mwai Kibaki, who was serving as Kenya’s third president at the time.
His portrait graces the front of the coin, while the reverse side displays the Kenya Coat of Arms alongside the powerful inscription “COMMEMORATING 40 YEARS OF INDEPENDENCE 1963-2003.”
This wasn’t just any commemorative piece. Unlike many special edition coins that sit in display cases, this one was meant for your pocket.
Kenyans quickly gave the coin an affectionate nickname “Ki-Lucy.”
The name honored First Lady the late Lucy Kibaki, reflecting the personal connection many citizens felt with their leaders during this celebratory period.
The 40 bob coin catches your eye immediately. Its bi-metallic construction combines a copper-nickel center that gleams silver with a brass ring around the edge that shines golden. This two-tone design wasn’t just attractive; it made the coin instantly recognizable and difficult to counterfeit.
What made this coin truly special is the fact it was designed for circulation, not just collection. You could use it to buy groceries, pay for matatu rides, or grab a cup of chai. Few countries release commemorative coins meant for daily transactions, making this a rare approach to celebrating national heritage.
The 40 Bob coin quickly became a favorite among coin collectors for several compelling reasons. It captures a specific moment, Kenya’s 40th independence anniversary, making it a time capsule you can hold.
While it entered circulation, the coin wasn’t produced in unlimited quantities, adding to its collectible value. The bi-metallic construction and commemorative inscriptions set it apart from standard currency, while the “Ki-Lucy” nickname and its association with President Kibaki’s era give it cultural depth beyond its monetary value.
Twenty years later, the Mwai Kibaki 40 Bob coin remains a cherished piece of Kenyan collection. It’s a celebration of national pride, a marker of presidential history, and a reminder that sometimes the most meaningful treasures are the ones we carry in our pockets.
